OREANDA-NEWS. May 21, 2014. The Moscow Stock Exchange will upgrade Rosneft shares from List B to level- two List A (A2).

The Company’s sustainable market position, improvement of operational and financial performance, among other things, owing to successful integration in 2013, compliance with securities laws, actions against illegal use of insider information, and observance of the Code of Corporate Conduct and Stock Exchange regulations made it possible to upgrade the Company’s listing to A2.

“Due to the listing reform to be launched in June Rosneft shares can be upgraded to the Moscow Stock Exchange Top List. This will allow the issuer to expand the investors base, primarily tapping into pension and insurance management funds,” said Anna Kuznetsova, Managing Director of the Moscow Stock Exchange.